key mexico statistics november - january 2016
TRANSCRIPT
Key Mexico Statistics
November – January 2016
Nuricumbo + Partners
Audit • Finance • Risk • Strategy • Business Development
Country Risk
Mexican Stock Exchange
Securities Market
1
2
3
4
Exchange Rates
Inflation Rate5
Investment Unit (UDI)6
Economic Confidence Indicator (IMCE)7
Outline
International Reserves8
Note: Mexican Pesos per CurrencySource: Mexican Central Bank, www.banxico.org.mx, 2016
€16.60
€17.60
€18.60
€19.60
€20.60
29/01/16€ 19.8582
November December January
30/11/15€ 17.5376
31/12/15€ 18.7873
$11.00$11.50$12.00$12.50$13.00$13.50$14.00
29/01/16$12.9383
November December January
30/11/15$12.4517
31/12/15$12.4254
$15.15$16.15$17.15$18.15$19.15$20.15
29/01/16$18.1935
November December January
30/11/15$16.5856
31/12/15$17.2487
£22.60£23.40£24.20£25.00£25.80£26.60£27.40
29/01/16£26.0240
November December January
30/11/15£24.8884
31/12/15£25.5608
Exchange Rates
The Country Risk indicates the possibilities of an emerging country failing to fulfill its obligations over external debt payments, whether for capital or interest. The higher the Country Risk, the larger the possibility of default.
It is composed of three main sources:
• Sovereign Risk
• Transfer Risk
• Generic Risk
It is measured through the use of the Emerging Markets Bond Index (EMBI) created by J.P. Morgan Chase.
Source: www.economia.com.mx, 2016
November December January0
50
100
150
200
250
300
216 227
266
Country Risk
Note: Basis points
Country Risk
Source: Mexican Stock Exchange (BMV), http://www.bmv.com.mx/, 2016
The Mexican Stock Exchange (BMV) is a public institution that operates under a concession granted by the Ministry of Finance (SHCP), observing the Mexican Securities Law. Its shareholders are authorized brokerage firms, which each own one share. Its broad market indicator is known as “Indice de Precios y Cotizaciones” (IPC).
Marketable Securities•Capitals Market (Stocks, Fibras)•Capital Development Market (CKDes)
• Debt Market (Government, Short, Medium and Long Term Debt).
November 30th
December 31st
January 29th
42,600
42,800
43,000
43,200
43,400
43,600
43,800
43,418.55
42,977.50
43,630.77
Price and Market Rates Index (IPC)
Mexican Stock Exchange
Source: Mexican Central Bank, www.banxico.org.mx, 2016
Mexico’s Central Bank (Banxico) carries out operations in the securities market in order to regulate the liquidity of Mexico’s financial system.
It also undertakes primary auctions of securities for the government and other public sector entities, and issues regulations on several financial operations of financial intermediaries.
Cetes 28Zero coupon bonds denominated in Mexican Pesos issued by the Mexican Government. The instrument due in 28 days is a common reference.
November 30th
December 31st
January 29th
2.96%2.98%3.00%3.02%3.04%3.06%3.08%3.10%3.12%3.14%3.16%
3.03%3.05%
3.14%
Government Securities Auc-tion’s Monthly Results (Cetes
28-days)
Securities Market
Source: Mexican Central Bank, www.banxico.org.mx, 2016
Inflation can be defined as a continuous and
widespread increase in goods and services
prices.
The Consumer Price Index (CPI) is the
statistical instrument that calculates inflation
by continuously measuring the price
changes of households’ representative
basket of goods and services. November December January1.90%
2.00%
2.10%
2.20%
2.30%
2.40%
2.50%
2.60%2.48%
2.21%2.13%
Annualized Inflation Rates measured monthly
Inflation Rate
Source: Mexican Central Bank, www.banxico.org.mx and Ministry of Finance, www.sat.gob.mx, 2016
The Investment Unit (Unidad de Inversion,
UDI) is a value unit linked to the overall
movement of prices. It is commonly used in
financial operations or investment
instruments that are required to guarantee a
return above inflation. The Mexican Central
Bank is the responsible authority to publish
its value in Mexican Pesos for each day of the
month. November
30thDecember
31stJanuary
29th
5.3300005.3400005.3500005.3600005.3700005.3800005.3900005.4000005.4100005.420000
5.360528
5.383771
5.409376
Investment Unit (UDI)
Investment Unit (UDI)
Source: Public Accountants Mexican Association, IMCP, http://imcp.org.mx/, 2016
The Mexican Economic Confidence Index, IMCE, is an indicator which aims to quantify the expectation of the perceived business climate through the perception of more than 20,000 registered public accountants of nearly 60 colleges affiliated to Public Accountants Mexican Institute, IMCP.
The indicator is divided into two main components, which presents the current perception in the business climate as well as the perspective in six months. Its score is measured through a range of 0 to 140 points. Higher values represent higher optimism.
Economic Confidence Indicator (IMCE)
November December January$72
$74
$76
$78
74.22
76.93
75.13
Economic Confidence Indi-cator
Source: Mexican Central Bank, www.banxico.org.mx, 2016
Known as financial assets invested abroad by the Mexican Central Bank that can easily be converted into means of payment.
According to the Mexican Central Bank, the following are considered as International Reserves:
• Foreign bank notes and coins;
• Deposits, securities and stocks payable outside of Mexico;
• Loans by Central Banks payable at no longer than six months;
• The Special Drawing Rights at the International Monetary Fund.
November 30th
December 31st
January 29th
$170,000
$171,000
$172,000
$173,000
$174,000
$175,000
$176,000
$177,000
$172,236
$176,353
$174,703
International Reserves (Mil-lion USD)
International Reserves
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